USD/JPY Technical Analysis for July 8, 2011
USD/JPY rose on Thursday, sending the pair over the 81 mark on the close. The pair still looks very tight, and such doesn’t offer much in the way of volatility these days. Until we can break above...
Category: Daily Forex Reports
Forex Traders Anticipating Bullish NFP Report?
An uptick in US private sector employment yesterday, reported by ADP, added to the risk-taking sentiment by most investors which came as a result of a rate hike in Europe. Should today’s Non-Farm Payroll (NFP) data continue...
AUD/USD analysis (July 08, 2011)
The pair has confirmed a bullish bias with a new rally on top of 1,0655 now forming a clear support. Its progress has been well capped though by the top of the daily range at 1,0790.
USD/CAD analysis (July 08, 2011)
The pair has been under intense pressure yesterday breaking below its recent low at 0,9580. We might see additional decline today if the market accelerates below yesterday’s low at 0,9570.
USD/CHF analysis (July 08, 2011)
The pair has made a started a new rally yesterday with a shy tag of 0,85 which offered a nice resistance once again. We still expect a test of 0,8550 over the coming sessions considering the studies...
USD/JPY analysis (July 08, 2011)
The pair has been showing some strengh as of late but it was short-live once again. We used to see a lack of follow through on the Yen for quite some time which makes this currency difficult...
GBP/USD analysis (July 08, 2011)
The Cable remains under pressure with the break back below 1,60 which opens the door to the 1,59 level but there is also potential for a bounce as we explain below.
EUR/USD analysis (July 08, 2011)
The pair is evolving in a middle term triangle which confirms a market consolidation. The limits are given around 1,45 and 1,42 i.e. 300 pips range. We consider that the bottom line has been tagged yesterday with...
8th July, 2011 – Daily Forex Report by GFM Research
Euro gains of the lows of 1.4225 ranges against the US Dollar; the USD traded mixed where in it has depreciated against the Euro and the Aussie Dollar whereas it has appreciated against the Cable, the Japanese...
GBP/JPY Anlaysis
Greetings. Let’s take a look at the GBP/JPY chart. With the big spike in mid-March, we tested our Fibonacci levels both including the spike and not including the spike. If you include the spike, you’ll see we’ve...